Analysts warn that Bitcoin's mid-term election year may repeat its historical decline

In the past two rounds of cryptocurrency bear markets, Bitcoin experienced a significant decline in May of the US midterm election year, dropping from nearly 10000 to around $7000 in May 2018; In May 2022, it dropped from about 40000 to 28500 and further to 20000. Analyst Merlijn Enkelaar stated that the Bitcoin crash in midterm election years is a historical pattern, and even with favorable factors such as the advancement of the CLARITY Act, it is difficult to change the cycle. He warned that if market sentiment worsens, Bitcoin may fall to 33000. Alphractal CEO Joao Wedson believes that if Bitcoin continues to fall below 78000, the market may enter a "surrender style selling" phase, and short-term pressure remains high.